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Technical analysis: key levels for gold and crude

Gold breaking higher after recent pullback

Gold is heading higher once again, following a relatively minimal retracement on Friday and Monday.

This points towards a potential bullish break, with a move above $1243 in particular signaling a wider bullish outlook. For now though, we are looking towards $1237 as the near-term resistance level to watch, where a break above that level would signal a continuation of the rebound seen last week.

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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.